High momentum stocks to watch for June 29!

High momentum stocks to watch for June 29!

by 5paisa Research Team Last Updated: 2022-06-28T15:17:54+05:30

High momentum stocks to watch for June 29!

Looking for stocks that could deliver good returns by June 29? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Many participants see a stock opening with a gap-up and wish they should have bought this high momentum stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable high momentum stocks for tomorrow.

The high momentum stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters, it would flash in our system and as a result, it would help traders to spot the high momentum stocks for tomorrow at the right time!

Here are the high momentum stocks for June 29.

Nilkamal Limited: The stock skyrocketed over 8% on Tuesday. Interestingly, the stock consolidated for 7 trading sessions before registering a strong breakout. The stock has formed a strong bullish candle and recorded above-average volumes. It has gained about 12% in the past two days and possesses strong momentum. Thus, we expect it to trade higher in the next trading session.

Linde India: The scrip surged over 5% during Tuesday’s trading session. It made a sharp recovery from lower levels and has surged above its prior swing high of Rs 3165 level. It is currently above all its key moving averages and has seen good volumes lately. With such positivity, the stock is expected to remain on a bullish track for the next trading session.

Meghmani Fincechem Ltd: Shares of the company soared over 5.50% in Tuesday’s trading session. It formed a rounding bottom and rising volumes have been recorded. It is currently above its key moving averages and looks bullish. The technical parameters indicate strong strength in the stock, and it is expected to open gap-up in the next trading session.

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